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President Trump makes major economic announcement: "We're doing well"
Posted
August 7, 2025
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8:01Now PlayingPresident Trump called reporters into the Oval Office to make a "major" economic announcement. President Trump presented new economic data alongside Stephen Moore from the Heritage Foundation.
"Mr. President, you gained ten times more income for the average family than Joe Biden," Moore said. "Every income group did better under Trump than Biden — by a wide margin."
President Trump made the announcement the same day he said he would nominate Council of Economic Advisers head Stephen Miran to fill a vacant seat on the Federal Reserve Board of Governors.
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